Streetbeat News

Dividends

INTC

Intel Corporation (NASDAQ:INTC) reported Q1 earnings with sales missing estimates and weak EPS guidance. Despite this, the article discusses how investors can earn from Intel's dividends, highlighting a 1.64% annual yield. To achieve a $500 monthly dividend income, an investment of approximately $365,640 is needed. Intel's stock price fell 2.8% to $30.47 following the earnings report.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 1:11 pm

RWAY

Runway Growth Finance has announced a Q2 supplemental dividend of $0.07 per share. This decision reflects the company's financial health and commitment to returning value to shareholders.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 1:08 pm

EPRT

FRT

VTR

Wall Street's most accurate analysts have recommended three real estate stocks with over 4% dividend yields: Ventas, Inc. (VTR), Federal Realty Investment Trust (FRT), and Essential Properties Realty Trust, Inc. (EPRT). These stocks are highlighted for their high dividend yields and recent analyst upgrades, with price targets indicating potential upside. Recent news includes upcoming earnings releases for VTR and FRT, and better-than-expected quarterly sales for EPRT.

Portfolio Pulse from Avi Kapoor

May 01, 2024 | 12:58 pm

LKNCY

SBUX

YUMC

Yum China Holdings Inc. (NYSE:YUMC) has significantly accelerated its share repurchase program and restaurant expansion, surpassing the 15,000-store milestone in China. The company spent a record $745 million on share buybacks and dividends in Q1, buying back more shares than any year in its history and raising its quarterly dividend. Yum China is expanding into smaller cities with new store formats and franchising, and has launched a new coffee chain, KCOFFEE, to compete with Starbucks and Luckin. The company aims to serve half of China's population by 2026, with plans to open 1,500 to 1,700 new stores this year.

Portfolio Pulse from The Bamboo Works

May 01, 2024 | 12:48 pm

EL

Estee Lauder Companies Inc (NYSE:EL) shares fell after releasing Q3 FY24 results, despite beating sales and EPS estimates. The company reported a 5% sales growth to $3.94 billion and an adjusted EPS of $0.97, surpassing consensus estimates. Sales growth was driven by strong performance in Europe, the Middle East & Africa, and Asia travel retail. However, the company revised its FY24 EPS outlook to $2.14-$2.24, slightly below consensus, and expects a 3%-2% decline in reported sales. For Q4, it anticipates adjusted EPS of $0.18-$0.28, significantly below the consensus of $0.76, with reported net sales growth of 5%-9%.

Portfolio Pulse from Shivani Kumaresan

May 01, 2024 | 12:45 pm

PAYX

Paychex has announced an increase in its dividend from $0.89 to $0.98 per share, signaling a positive outlook and financial strength.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 12:42 pm

PPL

PPL Corporation has reaffirmed its projected annual earnings per share (EPS) and dividend growth of 6% to 8% through at least 2027, indicating a strong and stable financial outlook for the company.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 11:33 am

LEG

Leggett & Platt's shares dropped following the announcement of disappointing Q1 financial results and a reduction in its dividend.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 10:08 am

FANG

NETZ

OILT

Diamondback Energy, Inc. (NASDAQ:FANG) reported first-quarter FY24 revenue of $2.227 billion, surpassing the consensus of $2.088 billion. The company saw average daily oil volume production at the high end of its guidance and declared a base and variable cash dividend for the quarter. Adjusted EBITDA and EPS both increased from the prior quarter, with significant share repurchases made. Diamondback reiterated its FY24 production and expenditure outlook, while its shares are down 1.06% premarket. Exposure to Diamondback Energy can also be gained through Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (NYSE:OILT) and TCW Transform Systems ETF (BATS:NETZ).

Portfolio Pulse from Lekha Gupta

May 01, 2024 | 9:56 am

PCAR

PACCAR has announced an increase in its quarterly dividend from $0.27 to $0.30, signaling confidence in its financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:45 pm